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NYC Board Approves Mamdani’s Rent Freeze

NYC Board Approves Mamdani’s Rent Freeze

by Phil Hall | Jun 26, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York City’s Rent Guidelines Board has fulfilled a campaign promise by Mayor Zohran Mamdani by voting 7-1 for freezing rent increases on the one- and two-year leases for nearly one million rent-regulated apartments. According to the Wall Street Journal, the freeze...
Speaker Johnson to Transmit Housing Bill to Trump

Speaker Johnson to Transmit Housing Bill to Trump

by Phil Hall | Jun 26, 2026 | News/Current Events, Real Estate News, WRE News Exclusive

House Speaker Mike Johnson (R-LA) said Congress will transmit the 21st Century ROAD to Housing bill to President Donald Trump for his signature after the president cancelled a signing ceremony for the bipartisan legislation on Wednesday. ABC News reports Johnson did...
Illinois Home Sales and Inventory Decline While Median Price Rises

Illinois Home Sales and Inventory Decline While Median Price Rises

by Phil Hall | Jun 25, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Illinois recorded 12,555 home sales in May, a 1.5% decline from the 12,750 sold one year earlier. According to data from Illinois Realtors, the 19,719 homes available for sale statewide last month were 7.7% less than the 21,356 homes available in May 2025. However,...
Virginia Housing Awards Over $1.4 Million in the Innovation Grant Program

Virginia Housing Awards Over $1.4 Million in the Innovation Grant Program

by Phil Hall | Jun 25, 2026 | News/Current Events, Real Estate News, WRE News Exclusive

Virginia Housing has allocated more than $1.4 million in funding for six organizations through the Innovation Grant Program. The program offers three distinct types of grants: Innovation Planning Grants of up to $50,000 for exploring innovative ideas that are not yet...
Mortgage Rates Tick Up Slightly

Mortgage Rates Tick Up Slightly

by Phil Hall | Jun 25, 2026 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates recorded a scant upward movement in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.49% as of June 25, up from last week when it averaged 6.47%. A year ago at this time, it...
Florida Gov. DeSantis Signs Bill for Implementing Property Tax Relief Amendment

Florida Gov. DeSantis Signs Bill for Implementing Property Tax Relief Amendment

by Phil Hall | Jun 25, 2026 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida Gov. Ron DeSantis signed a new bill into law that will pave the way for the property tax relief being promised in a November ballot referendum. The new law, SB 4-F, was approved in a recent special session of the state legislature that also approved a ballot...
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